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Xinhua: State Council Announced New Policies on Infrastructure Projects

Xinhua recently reported on an announcement that Chinese Premier Li Keqiang made at the State Council Executive Meeting. Li stated that the central government has decided to implement new policies allowing private capital to enter some markets involving the construction of infrastructure. These markets include transportation infrastructure like railways and ports, information technology infrastructure, clean energy infrastructure like hydropower, wind power and photovoltaic power generation, traditional energy infrastructure like oil and gas pipe networks, coal and petrochemical bases. The first round of this operation consists of eighty projects, which welcome private investments. A second round is being prepared to open up markets in oil and gas exploration, public utilities, water conservation and airports. The Executive Meeting also discussed the steps in the coming days to push related new laws and government monitoring regulations to ensure that the processes run smoothly.
Source: Xinhua, April 23, 2014